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Colorado Springs 80909 Palmer Park
2016 Downing Dr
$290,000
● House - Off Market

2016 Downing Dr

Colorado Springs, CO 80909
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,810 Ft²
$1,523
Est. Monthly
8.69%
Cap Rate
Unit Size
1,810 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$160
Property Type
House
Property Taxes
$98
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (REcolorado MLS #3235932)

Price History

Date / Event Date Event Price
Jun 25, 2025 Sold
Premium
Sold
Jun 16, 2025 Listed $290,000
Listed
May 30, 1997 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,013
  • Garage Type: 4
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 2,026
  • Gross Building Area: 2,026
  • Building Area: 1,810
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,810
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CENTURY HEIGHTS ADD 4
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 1112
  • Legal Description 1: LOT 33 BLK 6 CENTURY HEIGHTS ADD 4 COLO SPGS

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 000102

Zoning

  • Zoning: R1-6

Geography

  • Assessors Map Reference: Mar 14, 2066
  • Parcel: 64032-23-012
  • Block: 6
  • Lot: 33
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8617
  • Longitude: -104.774

    Address

  • Full Address: 2016 Downing Dr
  • Address - House Number: 2016
  • Address - Street Name: Downing
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C025
  • 4-Digit Zip Code: 2144
  • Zip Code: 80909

Valuation

    Tax

  • Total Area: 2,026
  • Tax Year: 2022
  • Tax Amount: $105,201
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.1109
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 88
  • Final Value: 393,930
  • High Value: 437,626
  • Low Value: 350,234

    Market Valuation

  • Market Total Value: $270,558
  • Market Land Value: $45,800
  • Market Improvement Value: $224,758

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,800
  • Assessed Land Value: $3,180
  • Assessed Improvements Value: $15,620

    Sales

  • Current Sale Contract Date: Jan 10, 2009
  • Current Sale Recording Date: Feb 02, 2009
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 209009541
  • Previous Sale Recording Date: May 30, 1997
  • Previous Sale Contract Date: May 27, 1997
  • Previous Sale Amount: $104,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Colorado Springs

Stats & Trends

Median Asking:

$419,000

Sale Price/ft²

$250

Below Asking

0.03%

Average Days on Market

59

Average Home Size

1918 ft²

Average Home Age

74.8 years

Currently For Sale

112 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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REcolorado

Listed by: Jackson Kyhl,
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 3235932
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2016 Downing Drive built and last sold?
The property at 2016 Downing Drive was built in 1955 and last sold on Jan 10, 2009 for $0.
How much is this home worth?
The estimated value of the home located at 2016 Downing Drive is $0.
What are some comparable homes to 2016 Downing Drive?
There are currently no comparable homes to 2016 Downing Drive.
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